Car Purchase Loans

Get your loan first and go car shopping with confidence.

Buy your next car with a OneMain loan and negotiate with power.1

Imagine walking into a dealership with leverage and peace of mind. Instead of needing them to finance your car loan, which can let the salesperson control the deal, put yourself in the driver’s seat and have your own funds ready to go.

What is a car purchase loan?

A car purchase loan is a loan used to buy a new or used car. The vehicle you purchase is then used as collateral to secure the loan. So, when you’re ready to shop for your next car, you can apply for a car purchase loan for the amount you need to finance. If you’re approved for the loan, you can start shopping knowing you have the funds ready to make a purchase. Plus, it can help you skip the hassle of dealership financing and get on the road faster.

Why should I choose OneMain for my loan to buy a car?

At OneMain, we understand each customer is unique. You may want a sportscar while someone else needs a minivan. But when it comes to the nuts and bolts, we think every loan should come standard with fixed payments and interest rate. Also, this isn’t our first spin around town. We've been a trusted lender for more than 100 years.

A OneMain loan could be the key to buying your next car.See if you prequalify now.

Real stories of how customers used a OneMain loan to finance a car.2

“Fast service, good program for my daughter’s first car.”2

— J.J., 6/1/2018

“My experience with OneMain was the quickest way of getting a car loan that I have ever seen. I would recommend OneMain to all my friends and family. Thank you OneMain for getting me in my car in two days.”2

— Janella S., 5/22/18

2 These customer testimonials reflect individuals' personal experiences, so you may not have the same results

1 Not all applicants will qualify for larger loan amounts or most favorable loan terms. Larger loan amounts require a first lien on a motor vehicle no more than ten years old, that meets our value requirements, titled in your name with valid insurance. Loan approval and actual loan terms depend on your ability to meet our credit standards (including a responsible credit history, sufficient income after monthly expenses, and availability of collateral). APR’s are generally higher on loans not secured by a vehicle. Active duty military, their spouse or dependents covered by the Military Lending Act may not pledge any vehicle as collateral.

Borrowers in these states are subject to these minimum loan sizes: Alabama: $2,100. California: $3,000. Georgia: Unless you are a present customer, $3,100 minimum loan amount. Ohio: $2,000. Virginia: $2,600.

Borrowers (other than present customers) in these states are subject to these maximum unsecured loan sizes: Florida: $8,000. Iowa: $8,500. Maine: $7,000. Mississippi: $7,500. North Carolina: $7,500. New York: $20,000. Texas: $8,000. West Virginia: $14,000. An unsecured loan is a loan which does not require you to provide collateral (such as a motor vehicle) to the lender.

3 OneMain loan proceeds cannot be used for postsecondary educational expenses as defined by the CFPB’s Regulation Z such as college, university, or vocational expenses; for any business or commercial purpose; to purchase securities; or for gambling or illegal activities.

4Important Notice About Refinancing or Debt Consolidation: When you refinance or consolidate your existing debts, your total finance charges over the life of the new loan may be higher than for your current debt(s) because your interest rate may be higher and/or your loan term may be longer.

For Housing Counselors in the State of Washington, please email us at the following link in regards to your customers loan modification status: REModifications@onemainfinancial.com. Please ensure your customer has provided us with authorization to work with you.

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Personal and Auto Loans Since 1912

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